What about Income Tax in India?

Hello dere..
i just wanted to know that if we have to pay the income tax for the money we earn on the internet??

 

Yes, of course. You've to pay the income tax (for what you've earned). No, matter how you've earned, where you've earned. The income tax in India will be as follows:

Upto 1.8 Lakhs income per year (180 thousands), there will be no income tax. And if you earn more than 1.8 Lakhs then the tax will be applied. And the tax will be up to 30% (and is depends on the income). for more clarifications, please consult any Income Tax practitioner or Chartered Accountant.

 

yeah but my income is not more than 1.8lakhs that means i am exempted?

 

but i have heard in news that now 5 lacs income = no tax.. is that true?

 

If your income is not above 1.8 lakhs, then you don't need to pay any tax.

That's not true. Wait for official Union Budget to be announced on March 16th.

 

If you're a lady then don't worry, you don't need to pay tax.

But if you're a male, you need to pay tax for 20,000.

 

You should pay your tax when you withdraw your money in bank or request check it would go to official bank account and you should show account statement in Income tax return

 

can anyone tell me if i earn more than 1.8 lakh per year what will be tax amount to pay?

 

but i am not paying any tax from like 2 years so will they take any action ?

 

IF you are earning more than 2 lacs a year deducting your expenses then you must file Income tax.

 

Yes, You definitely pay taxes on your online earning. You need to consult C.A for it.

 

This post proves you are an indian coming to the true country that can be easily hidden by using some hide my ip address or using a proxy server. .....i am not blind donot panic its fine to be indian dear so called warnor